Albertans should be seeing new jobs in the agricultural industries as the Alberta government in partnership with the federal government helps kickstart the hemp industry in Alberta with two grants totalling $900,000.

“Alberta’s growing hemp industry is helping to build a strong agriculture sector that creates jobs and brings tremendous opportunities to communities across the province,” said Marie-Claude Bibeau, federal minister of Agriculture and Agri-Food in a press release.

“By producing, processing and creating value-added products within the province, the hemp industry can remain sustainable and agile, while seizing new opportunities in domestic and export markets.”

Before cannabis was legalized in Canada, this stock was soaring, as was its public profile.

It might sound strange now, but Canopy Growth (TSX:WEED) was once the hottest stock in Canada. Back in 2018, before legalization hit, the stock was soaring, as was its public profile. It seemed like every other day, you were hearing one story or another about the company’s meteoric rise. The $5 billion Constellation Brands deal, the expansion into Europe, the launch of Canada’s first Cannabis retail store. No matter where you looked, Canopy was always rising–in the stock market and in the public’s imagination.

Then, something changed.

Gaia Grow Corp. (the “Company” or “Gaia”) (CSE:GAIA) (Frankfurt:GG0) is pleased to announce that its wholly-owned subsidiary, TruExtracts Laboratories (“TRU”), has received an amendment to its Health Canada licence that permits the company to supply extracts, edibles, and topicals directly to provincial distributors, retailers in select provinces, and licensed sellers of medical cannabis. 

Receipt of the sales amendment marks the final regulatory step required to launch sales operations of the Company's cannabis products, providing a path-to-market for anything manufactured at Tru’s facility. Tru intends to rapidly utilize the amended license to begin the process of distributing products to the Canadian market. 

Canadian cannabis market leader introduces new offerings across its house of brands – 7ACRES, Ace Valley, Deep Space and Doja

Retailers and producers say the industry is going through ebbs and flows right now as large scale producers falter and more retailers open

From the street, behind a fence and gate, you can still catch the scent of the plants.

FDA Warns Companies Selling Delta-8 Products. 

On May 4, 2022, the U.S. Food and Drug Administration issued warning letters to five companies for selling products labeled as containing delta-8 tetrahydrocannabinol. This is the first FDA action against companies for products containing delta-8 THC.

Lynn Gefen is joining from home repair company HomeServe

North American cannabis company TerrAscend Corp, which is listed on the Canadian Securities Exchange, has appointed Lynn Gefen as chief legal officer and corporate secretary, effective May 23.

Gefen is joining TerrAscend from home repair company HomeServe, where she has been deputy general counsel, chief risk and compliance officer and assistant secretary for the past eight years, according to her LinkedIn profile. Before joining HomeServe, she worked at alcoholic beverage company Diageo North America on regulatory, privacy and compliance matters.

BC Liquor (BCL) and BC Cannabis Stores’ (BCCS) customers have shown their support for people affected by the crisis in Ukraine by digging deep to raise more than $1 million.

From Feb. 28, 2022, to April 24, 2022, BCL and BCCS collected $1,081,272.98 in donations for the Canadian Red Cross’ Ukraine Humanitarian Crisis Appeal. All donations made will go to providing emergency-preparedness support, relief efforts, long-term recovery, resiliency and other critical humanitarian activities as needs arise, in Ukraine and surrounding countries, including supporting populations displaced by the conflict.

The offer represented "what may have been a substantial premium for shareholders at the time."

Management for HEXO Corp. was reportedly approached in November 2021 by Tilray Brands, Inc. to buy the Canadian pot producer, but opted to pass on the proposed deal.

According to The Deep Dive, the offer of $2 to $3 a share to acquire the whole company was rejected because it represented “less than sufficient value.”

“This was despite the firm trading at a high of just $2.35 during that same month, and a low of $1.30, with that offer representing what may have been a substantial premium for shareholders at the time,” the website reports.

Although the initial offer fell by the wayside, HEXO entered into an agreement with Tilray the following month.